pendingdivorce
Junior Member
Pennsylvania
My wife and I are planning a divorce. We own a home under a contract for deed (the balloon has expired but the owners are friends of ours and have not asked for the final payment to date.) I have been making a majority of the payments on the home and still reside there. I cannot obtain independent financing at this time. My questions are as follows.
1. Can she decide she wants the home now and I be forced to move out?
2. Is she still legally obligated to make/contribute her part of the mortgage?
3. If I have to move out, will I still have to make the payments I am currently making while she lives in the home?
4. If she finds someone to help her qualify for a loan, can I be forced to move and therefore forgo all the equity I have invested with years of uneven payments?
5. What would my legal financial requirement be if the loan becomes due?
Thank you.
My wife and I are planning a divorce. We own a home under a contract for deed (the balloon has expired but the owners are friends of ours and have not asked for the final payment to date.) I have been making a majority of the payments on the home and still reside there. I cannot obtain independent financing at this time. My questions are as follows.
1. Can she decide she wants the home now and I be forced to move out?
2. Is she still legally obligated to make/contribute her part of the mortgage?
3. If I have to move out, will I still have to make the payments I am currently making while she lives in the home?
4. If she finds someone to help her qualify for a loan, can I be forced to move and therefore forgo all the equity I have invested with years of uneven payments?
5. What would my legal financial requirement be if the loan becomes due?
Thank you.